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BENEFICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N. Locust Street Grand Island, NE 68801 -6003
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Truslor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT SEVEN (7) , BLOCK EIGHTEEN (18) , CHARLES WASHER'S ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />Hall_ _ _ _ _ _ _ at 1918_W CHARLES- _ _ _ _ _ _
<br />The property is located in _ _ _ _ _ _ _ _ -
<br />Counry)
<br />_GRAND ISLAHII _ _ _ NebtaSka_ _ _fi 8803_ _
<br />(Addres9) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be put of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 57,785. 50 _ _ _ _ _ _ . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), conlract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substimtiOES. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 02/23/2004
<br />NEBRASKA - DEED OF TRUST iNOT Foe FNMA, HIW, Fro oa VA os" "T age l Of 4)
<br />=X i F?," 0 1994 Sanke,s sy.T111S, i—. St. eoW, MN F— RE FT ME IIWI G02
<br />(- Ci65(NE) io9on VMP MORTGAGE FORMS - 19001521 IS-'
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<br />Son, of Nebraska Spice Above This Line For Recordiaa Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
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<br />Construction Security Agreement
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<br />Master form recorded by _ _ _ _ _ _ _ _ _ _ _ _ _
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Feb 23_ 2004
<br />_ _ _ _ _ _
<br />_ _
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: LSE FAMILY LIMITED PARTNERSHIP
<br />419 S TILDEN ST
<br />GRAND ISLAND, HE 68803
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors,
<br />their signatures
<br />and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />NE
<br />BENEFICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N. Locust Street Grand Island, NE 68801 -6003
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Truslor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT SEVEN (7) , BLOCK EIGHTEEN (18) , CHARLES WASHER'S ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />Hall_ _ _ _ _ _ _ at 1918_W CHARLES- _ _ _ _ _ _
<br />The property is located in _ _ _ _ _ _ _ _ -
<br />Counry)
<br />_GRAND ISLAHII _ _ _ NebtaSka_ _ _fi 8803_ _
<br />(Addres9) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be put of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 57,785. 50 _ _ _ _ _ _ . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), conlract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substimtiOES. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note dated 02/23/2004
<br />NEBRASKA - DEED OF TRUST iNOT Foe FNMA, HIW, Fro oa VA os" "T age l Of 4)
<br />=X i F?," 0 1994 Sanke,s sy.T111S, i—. St. eoW, MN F— RE FT ME IIWI G02
<br />(- Ci65(NE) io9on VMP MORTGAGE FORMS - 19001521 IS-'
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